$NVIDIA(NVDA.US)
Nvidia is down in the premarket because DeepSeek is reportedly looking to reduce their reliance on Nvidia and Huawei by developing their own chips. - DeepSeek has increased hiring of chip-design engineers in recent months - New chip would be designed for inferenceThis is now becoming a trend that continues to upset the market when it comes to Nvidia.Google and Amazon are developing huge chip businesses. Cerebras and Broadcom are partnering with OpenAI to make chips. Anthropic is reportedly securing supply to develop their own custom silicon. Now, DeepSeek as well…although because Nvidia can’t sell into China, not sure how much this would hurt them.More and more competition just means the market is worried that those juicy gross margins may start to peak, although there is no evidence of that yet.Source: amit
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